Market Update – June 2022

Market Update Chris Brown, CIO, 16th June 2022 Inflation remains front and centre for investors and markets. Hotter than expected CPI numbers saw the US federal reserve raise rates by 0.75% yesterday, with base rates now expected to peak at 3.75% next year in the US and at almost 3.5% here in the UK. As

Read More

Market Update – May 2022

Market Update Chris Brown, CIO, 19th May 2022 As the table above shows, it has been another tough quarter for global markets. Inflation is higher and looks to last longer than investors had previously thought. This means faster and higher interest rate rises for the next 12 months. Bonds, which normally offer some cushion to

Read More

2022 Q1 ESG Market Commentary

ESG Update: Healthcare Lending The start of the current year has been characterised by high geopolitical risks, with inflation reaching highs we had not seen since the 1970s and the human tragedy we are witnessing in Ukraine after Russia’s invasion, with all its socio-economic repercussions. These events prompted a downward revision in the global growth

Read More

2022 Q1 Market Commentary

2022 Q1 Market Commentary When Russia invaded Ukraine on February 24th we wrote a client update saying that although the war would probably drag on with a terrible human cost, the impact on markets would be shorter and sharper. So far (and tragically for Ukraine) this has proven to be the case. Most major markets

Read More

Market Update – March 2022

Market Update Chris Brown, CIO, 11th March 2022 When Covid hit, we wrote to clients that the fight against the pandemic was a bit like a war. Wars normally go on much longer than people think at the start and have a much higher human cost. But eventually, we thought we would win the war

Read More

Market Update – February 2022

Market Update Chris Brown, CIO, 24th February 2022 As you will already know, Russia began invading Ukraine early Thursday morning with shelling and rocket attacks on several major cities including the capital, Kyiv. Our thoughts at this time are of course with the innocent people of Ukraine. But as investors we are now caught between

Read More

2021 Q4 Market Commentary

2021 Q4 Market Commentary Over the Christmas break our family watched Don’t Look Up, a satirical Netflix movie that imagines the world’s reaction to the discovery that there is a comet headed to earth to wipe out all mankind. Whilst we won’t spoil it for those who haven’t seen it, one of the jokes in

Read More

2021 Q3 Market Commentary

Is Inflation Back Again? When I was 18, my father called a family meeting. It was 1989 and UK interest rates had been raised that day to 15%. He announced to us all that the house, the schools had to go and we would have to start again. Though the crisis was real, it is,

Read More

Looking back on the pandemic

Chris Brown, CIO, 20th September 2021 Back in early 2020, when the Coronavirus first hit and equity markets lost -30% or more in a few short weeks we wrote several update notes to keep you informed on the (dramatic) market movements we saw. As markets and the economy have continued to recover this year we

Read More

2021 Q2 Market Commentary

Chris Brown Chief Investment Officer The psychology of money This quarterly update is often guilty of writing about numbers and data and mathematical returns and making it sound like markets are a giant machine where if X happens then, pull the handle, and Y will pop out as your portfolio return. This is probably true

Read More